Rakesh Jhunjhunwala Story: Net Worth, Portfolio & Success Story

Introduction 

‘India’s Warren Buffet’ Rakesh Jhunjhunwala, often referred to as ‘The Big Bull of the Indian Stock Market’ is a well-known figure in India because of his challenging work in the Stock Market Trading and Investments. His smart and risky decision-making approach stood him at the top of Stock Market billionaire despite tough competition.

Rakesh Jhunjhunwala’s Early Life and Education

On July 5, 1960, Rakesh Jhunjhunwala was born in a middle-class household in Mumbai, India. Rakesh's father was an income tax official, therefore he was brought up in a rigorous household. He struggled financially, but he had an early interest in the stock market.

Jhunjhunwala holds a commerce degree from the University of Mumbai at Sydenham College in 1985. His journey from a humble investor to one of India's most well-known and successful stock market investors is a testament to his determination and strategic brilliance. His family's history places a strong emphasis on perseverance and financial literacy.

Rakesh Jhunjhunwala’s Personal Life

On February 22, 1987, Rakesh Jhunjhunwala wed Rekha Jhunjhunwala. Three kids were born to the couple. On June 30, 2004, their daughter Nishtha was born and later their twin sons, Aryaman and Aryaveer, were born.

Journey of Rakesh Jhunjhunwala

When Jhunjhunwala was a college student, he began to experiment with the stock market. He was a student at the Institute of Chartered Accountants of India, but he chose to go straight onto Dalal Street after receiving his degree. Jhunjhunwala has made a capital investment of Rs.5,000 in 1985. That capital grew to Rs.11,000 crore by September 2018.In 1986, he made his first significant profit when he purchased 5,000 Tata Tea shares at a price of Rs.43. Three months later, the stock jumped to Rs.143. He had made more than 3x the profit. He had made between Rs.20 and Rs.25 lac in three years.

Jhunjhunwala made profitable investments in Titan, CRISIL, Praj Industries, Aurobindo Pharma, and NCC over the years. Although his stock prices dropped by thirty percent following the global recession of 2008, he recovered from the setback by 2012.

Rakesh Jhunjhunwala’s Net Worth

At the end of the FY23 June quarter, Rakesh Jhunjhunwala's net worth of $5.8 billion placed him as the 36th richest person in India.

Rakesh Jhunjhunwala’s Investment

Jhunjhunwala was the owner of RARE Enterprises, a privately held stock trading company. His investments included Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, and so on.

Rakesh Jhunjhunwala’s Portfolio

Some of Rakesh Jhunjhunwala’s Portfolios are:

Rakesh Jhunjhunwala Death

Jhunjhunwala died on August 14, 2022, due to acute multiple organ failure and kidney-related issues.

Did You Know?

Rakesh Jhunjhunwala was the producer of films such as “Ki and Ka," "Shamitabh," and "English-Vinglish." At Hungama Digital Media Entertainment Pvt Ltd, he served as chairman.

Conclusion

The achievement of Rakesh Jhunjhunwala is not merely a far-off triumph. It inspires countless new risk-takers and big dreamers. His risk-taking ability is admirable and motivating. Rakesh Jhunjhunwala’s death was due to multiple health issues in his kidney and other organs. 

Disclaimer: The content is purely for educational and information purposes only. Some parts of the content might depict the achievement and revenue-making of the Jhunjhunwala through trading. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author doesn't through this blog intend to involve readers in trading.